Big Bytes

Can green economy branding slogans save the planet?

Economists, bankers, investment funds and financiers are taking a huge interest in the environmental crisis. They say they can protect the planet their way – with money. We see how since the Industrial Revolution we have heavily depleted our natural resources, polluted the planet, and how we are now losing endangered species while adding our species at alarming rates. To satisfy our greedy material demands, we use the resources of one-and-a-half Earths, multiplying our own populations in competition. At this rate, by 2030, we’ll be using resources equivalent to two-and-a-half Earths. By 2048 the last fish will be pulled from the ocean.

By examining the commercialization of nature, something that has been in the making for nearly 50 years, we speak to the biggest players in this global arena – the economists championing a “green” economy and the environmentalists challenging it. We question whether nature can be priced and if a new economic order really helps the planet, or simply encourages the depletion of natural resources and species.

We explore how the laws of the market are being applied to endangered species, and how their protection is now in the hands of “mitigation banks”. One such bank in the US has made more than $20m by buying part of the habitat of America’s first endangered fly. Businesses that want to develop there must offset any environmental impact by investing in the fly’s protection. Any business whose activity harms an area protected by a mitigation bank must pay: There are lizard credits, cacti credits, prairie dog credits.

But these banks also choose which species they will save or will let die – it’s an ironic choice dictated by additional profit for capitalists.

Source: aljazeera.com

Leave a Reply

You may also like:

Health Lifestyle Sports

Welcome #YogaDay, albeit #Yogis extinct!

Unlike murky complex capitalists, saffron politic-cats, technology mockery, modernism showcases, elitist diplomacy and similar things popular – vedas and upanishads were testimony to simplistic lifestyles our ancestors practiced and preached, which are getting replaced with some ChorBhakti / looter mantras for sake of hyped development, mass fooling via mass media, what shameless degradation!

Read More
Corruption Entertainment Law / Legal Lifestyle People Software Technology Telecom

Beware of Mobile Malware / Spyware behind those fancy apps / gadgets!

Corporate governments, security experts and officials remain in support of mass, warrant-less surveillance. But civil libertarians, humane technology companies and others oppose it, noting obvious lack of transparency and espionage to save crooks / cronies. As a cheap smartphone user, you don’t have to worry for Malware / Spyware / Virus, just buy antidotes. You […]

Read More
Agriculture Banking / Finance Economy Energy Infrastructure Lifestyle Politics World

Make sure banks don’t fund more coal

The science is abundantly clear that we need to keep fossil fuels in the ground to ensure a future for our planet, and that means we can’t let any new coal plants be built anywhere in the world. So the Vung Ang 2 coal-fired power station in Central Vietnam – currently planned for financing by Japan’s biggest banks – is a definite no-go.

Read More